Clavister announces outcome of exercise of warrants of series TO8
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Örnsköldsvik, Sweden, 1 October 2024. Clavister Holding AB ("Clavister" or the "Company") today announces the outcome of the exercise period for warrants of series 8 (the "Warrants") issued in connection with Clavister’s rights issue of units announced on 6 December 2023 (the "Rights Issue") A total of 41,476,200 Warrants were exercised, corresponding to a subscription rate of approximately 97.8 percent. Clavister receives proceeds of approximately SEK 49.8 million before deduction for issuing costs.
Overview of outcome
The final outcome indicates that 41,476,200 Warrants were exercised for subscription of shares. The subscription rate amounted to approximately 97.8 percent. Clavister receives proceeds of approximately SEK 49.8 million before deduction for issuing costs.
Shares and share capital
By the exercise of the Warrants, the total number of shares in Clavister increases by 41,476,200 to 267,597,610 shares. The share capital in Clavister increases by SEK 4,147,620.0 to SEK 26,759,761.0. The dilution for existing shareholders who have not exercised any Warrants amounts to approximately 15.5 percent of the shares and votes in Clavister. Exercised Warrants have been replaced with interim shares pending the registration with the Swedish Companies Registration Office (“SCRO”). The interim shares are expected to be converted into shares approximately seven banking days after registration with the SCRO.
Advisors
ABG Sundal Collier AB is acting as Sole Global Coordinator in connection with the Rights Issue. Advokatfirman Lindahl KB is legal advisor to the Company and Baker McKenzie is legal advisor to ABG Sundal Collier AB in connection with the Rights Issue.